ALPHA EXPLORATION announces final 2024 drilling results at Aburna Gold and Anagulu Gold- Copper prospects and updates exploration plans for 2025
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ALPHA EXPLORATION announces final 2024 drilling results at Aburna Gold and Anagulu Gold-
Copper prospects and updates exploration plans for 2025
March 21st 2025 – Alpha Exploration Ltd. (“Alpha” or the “Company”) (TSXV: ALEX) announces the
final results from drilling during 2024 and also provides an update on current and planned exploration
activities on its wholly owned Kerkasha license in Eritrea.
HIGHLIGHTS:
• AND010 returned 40m @ 0.29% Cu with 0.18 g/t Au including 4m @ 1.42% Cu with 0.83 g/t
Au in typical PCD veining and mineralization,
• AND011 returned 11m @0.15% Cu with 0.08 g/t Au, 21m @ 0.18% Cu with 0.095 g/t Au and
11m @ 0.21% Cu with 0.082 g/t Au in typical PCD veining and mineralization.
The new drilling results are from four areas; the Central, Dasharna and Obokochima prospects at the
Aburna orogenic gold prosect, and separately from Anagulu, a copper-gold porphyry prospect, where
two of four drillholes returned impressive results akin to Alpha’s initial discovery hole AND001 (see
highlights, above).
Alpha is also pleased to announce that the Kerkasha license has been renewed, under the terms of the
Eritrean Mining Law, with a 25% relinquishment. The resultant license covers 514 Km2.
Activities during the first quarter of 2025 (Q1 2025) have focused on continued exploration at Aburna
and Anagulu. Alpha’s main focus for 2025 will continue to be the Aburna orogenic gold system, with a
view to undertake sufficient drilling to outline a maiden mineral resource by early 2026. At Anagulu,
further drilling will take place to define the extents of the porphyry system.
Final drilling results from 2024 drilling program.
Figure 1 shows the location of the drilling reported in this release , and the current Rotary Air Blast
(RAB) drilling at Aburna (see later in this release)
Anagulu Prospect
At Anagulu, Alpha’s porphyry copper-gold prospect, four shallow scout holes were drilled over a 5km
strike length, to test a sheared/deformed cupola concept. The drilling targeted hydrothermal surface
features marked by elevated copper in soil anomalies. Drillholes AND010 and AND011, drilled on the
same section (see Figure 3) returned broad copper mineralization with associated gold values. Copper
is defined by Portable X Ray Fluorescence (pXRF) and followed up with multi -element analysis, gold
defined by fire assay analysis. The geochemistry results also showed elevated molybdenum (up to
500ppm), silver (up to 9ppm),tellurium (up to 5ppm) and tungsten (up to 350ppm) which may indicate
both the high grade copper stockwork core and the outer alteration shells of a typical porphyry system
are present at the southern end of the Anagulu system. The results are summarized in Table 1, a cross
section showing AND010 and AND01 1 is presented below (Figure 2). Structural measurements at
lithologic boundaries are vertical, and this may support the deformed cupola concept.
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Figure 1: Location of recently received assay results from the Q2 2024 drilling program and new soil
geochemistry results marked by magenta circles. Proposed RAB drilling shown in red.
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Figure 2: Cross section through AND010 and AND011 at the Anagulu porphyry prospect.
Table 1: Significant intervals from the Q2 2024 drilling at Anagulu.
Aburna - Dasharna Prospect
Seven diamond drillholes drilled during Q2-2024 targeted a strong gold soil anomaly in the Dasharna
prospect of Aburna . These delivered weak results from two narrow high -grade veins (see Table 2
below).
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Table 2: Significant intervals from seven holes drilled at the Dasharna prospect.
Drillhole
ID
Significant Interval From
(m)
To (m) Notes Prospect
ABD017 2m @ 4.62 g/t Au 0 2 Narrow high-grade veins Dasharna
and 1m @ 6.09 g/t Au 7 8 Narrow high-grade veins Dasharna
and 1m @ 1.24 g/t Au 57 58 Dasharna
ABD018 No significant Intervals - - Dasharna
ABD019 No significant Intervals - - Dasharna
ABD020 No significant Intervals - - Dasharna
ABD021 No significant Intervals - - Dasharna
ABD022 2m @ 2.70 g/t Au 13 15 Narrow high-grade veins Dasharna
and 2m @ 0.77 g/t Au 58 60 Dasharna
ABD023 No significant Intervals - - Dasharna
Significant intervals are determined to be >3m wide zones beginning and ending with 0.2 g/t Au or greater with
internal dilution of no more than 2m. A narrower interval is also determined to be significant if over 1.0 g/t Au.
Aburna - Central Prospect
Results for four diamond-tail hole and three diamond-tail extensions of previously reported Reverse
Circulation (RC) holes at Aburna’s Central prospect were also returned. The significant intervals are
presented in Table 3, below.
Table 3: Significant intervals from earlier reported RC collar holes at Aburna’s Central prospect.
Drillhole ID Significant Interval From
(m) To (m) Notes Prospect
ABRD023 3m @ 0.55 g/t Au 33 36 Central
and 13m @ 0.77 g/t Au 53 66 Central
and 9m @ 1.38 g/t Au 71 80 Central
Diamond
tail 3m @ 0.86 g/t Au 137 140 Central
ABRD136 2m @ 1.03 g/t Au 51 53 Central
and 6m @ 2.29 g/t Au 116 122 Central
and 9m @ 0.33 g/t Au 128 137 Central
and 3m @ 1.59 g/t Au 145 148 Central
Diamond
tail 2m @ 0.48 g/t Au 179 181 Central
Diamond
tail 2m @ 0.48 g/t Au 206 208 Central
ABRD137 6m @ 0.34 g/t Au 19 25 Central
and 4m @ 0.23 g/t Au 33 37 Central
and 3m @ 0.48 g/t Au 96 99 Central
and 4m @ 0.71 g/t Au 128 132 Central
Diamond
tail 1m @ 2.25 g/t Au 171 172 Central
Diamond
tail 3m @ 0.21 g/t Au 185 188 Central
ABRD138 3m @ 0.18 g/t Au 8 11 Central
and 1m @ 1.10 g/t Au 40 41 Central
and 2m @ 0.56 g/t Au 104 106 Central
and 5m @ 1.47 g/t Au 124 129 Central
and 4m @ 0.49 g/t Au 135 139 Central
and 5m @ 0.30 g/t Au 142 147 Central
Diamond
tail 7m @ 0.44 g/t Au 189 196 Central
*The blue intervals were previously reported.
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Aburna - Obokochima Prospect
Also at Aburna, a new prospect, named Obokochima, was soil sampled for 500m along strike. This
followed up on a single scout RC drillhole completed during in Q2 2024 (ABR159) which returned
intersections of: 14m @ 0.47 g/t Au and 5m @ 0.74 g/t Au (14th November 2024 Press Release). The
results from 294 soil samples were returned with 10 assaying >0.25g/t Au and 15 assaying >0.1g/t
Au. The soil anomalism is open to the northeast and southwest (see Figure 3, below). Malachite
staining is seen at several locations indicating the presence of copper. Alpha will consider follow-up
drilling in 2025.
Figure 3: A satellite image of the Obokochima prospect at Aburna, Gold soil sampling results are plotted along with the
single scout RC hole drilled in the area.
Current Exploration Activities
Aburna Project Area
A Rotary Air Blast (RAB) drilling program was initiated during Q1 2025 on the Aburna project. This
targets an area of recent cover between the Central and Northeast prospects and is being undertaken
on a 40m x 40m grid, with an expected total of 744 holes (Figure 1). Samples will be collected from the
bedrock contact zone and will be sieved to <75um and submitted for fire assay, The results will be used
to develop further targets in the gap zone between Central and Northeast prospects.
Exploration Plans for 2025
Alpha’s main focus for 2025 will continue to be the Aburna orogenic gold system, with a view to
completing sufficient drilling to outline a maiden mineral resource by early 2026. The current RAB
drilling program will be completed in Q2 2025 with results expected from Q2 2025. Follow up RAB
programs will be planned over other areas of thick cover in order to expand the gold geochemistry
coverage across the Aburna project area prior to further RC & DD drilling expected in Q3, 2025.
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At Anagulu, there will be ongoing fertility analysis of the host units and surrounding porphyry and
intrusive units, which is being undertaken on Alpha’s behalf by a major, diversified mining company.
Drilling in the immediate vicinity of Anagulu will also be undertaken in order to define the extents of
the porphyry system.
Quality Control (QC)
As reported in Alpha’s News Release of November 14 2024, some irregularities were identified relating
to the analysis of coarse blank samples from four RC drillholes. To resolve the issue, Alpha submitted
duplicates of the original blank samples for analysis at ALS, Loughrea, Ireland. These returned results
of <0.01 ppm Au. The results indicate that the sample preparation in Asmara was acceptable and the
issue occurred at the assay laboratory. The affected samples have been flagged in Alpha’s database
and appropriate measures will be applied should the intersections concerned be used for a future
mineral r esource estimation. Alpha believes this is an isolated event which does not impact the
integrity of the Company’s database.
Sampling, Sub-sampling and Analysis
Alpha engaged an independent Consultancy, RSC Mining & Mineral Exploration (RSC) to develop a
Standard Operating Procedure (“SOP”) for both RC and DD drill samples in June 2021 and all samples
in this release use this RSC SOP . The RSC SOP utilizes blank standards and industry standards that are
inserted at the beginning and end of every batch (and every 20 samples within the batch) for all
batches submitted to ALS for assay. Additionally, field replicates are taken at a frequency of
approximately 1 in 5 (20%) through mineralized areas.
One-meter samples from both RC and DD drilling were crushed (to >90% passing 2.0 mm) and
pulverized (to >85% passing 75 μm). Two scoop samples were taken from the pulveri ser bowl:
approximately 130g for laboratory analysis and approximately 150g for portable X -ray fluorescence
(pXRF) analysis. The coarse and pulp rejects were stored at Alpha’s warehouse in Asmara. The
Company inserted certified reference material from OREAS (www.ore.com.au) into the sample stream,
while the Nabro sample preparation facility inserted barren granodiorite material into the sample
stream as a blank. Samples were shipped to ALS Geochemistry (ALS), Loughrea, Ireland, for analysis.
ALS analyzed all drill samples for gold by method Au -AA26 (50 g charge fire assay, AAS finish). ALS is
independent of the Company and its quality management systems framework is accredited to ISO/IEC
17025:2005 or certified to ISO 9001:2015 standards.
About Alpha
Alpha (TSX-V: ALEX) is an exploration company that is rapidly advancing a number of important gold
and base metal discoveries across its 100% owned, 513 km2 Kerkasha Project in Eritrea.
The Aburna Gold Prospect is an exciting new gold discovery where recent drilling has confirmed a high-
grade mineralized system, with grades including 18m @ 15.33 g/t Au, 16 m @ 14.07 g/t Au, 9 m @ 10
g/t Au and 23 m @ 6.74 g/t Au.
The Anagulu Gold-Copper Prospect includes recent drilling intersections of 108 m @ 1.24 g/t Au and
0.60% Cu and 49 m @ 2.42 g/t Au and 1.10% Cu within a porphyry unit mapped over at a >2 km strike
length.
The Company is managed by a group of highly experienced and successful mining and exploration
professionals with long track records of establishing, building and successfully exiting a number of
world class gold and base metal discoveries in Eritrea and across the wider Arabian Nubian Shield.
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For further information go to the Alpha webpage at www.alpha-exploration.com or contact:
Tim Livesey
Interim Chief Executive Officer
Alpha Exploration Ltd.
Email: [email protected]
Tel: +44 207129 1148
Qualified Person
All scientific and technical information in this press release, including the results of the Aburna drill
program and how these results relate to the ongoing exploration at the Kerkasha Project has been
reviewed, verified, and approved by Chris Bargmann CGeol FGS, consultant for Alpha and a “qualified
person” for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Cautionary Notes
This press release is intended for distribution in Canada only and is not intended for distribution to
United States newswire services or dissemination in the United States.
Forward Looking Statements
Certain statements and information herein, including all statements that are not historical facts,
contain forward-looking statements and forward-looking information within the meaning of applicable
securities laws. Such forward -looking statements or infor mation include but are not limited to
statements or information with respect to future dataset interpretations, sampling, plans for its
projects (including the Anagulu prospect), surveys related to Alpha’s assets, and the Company’s drilling
program. Often, but not always, forward -looking statements or information can be identified by the
use of words such as “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”,
“may” or “should” and the negative of these words or such variati ons thereon or comparable
terminology are intended to identify forward -looking statements and information. With respect to
forward-looking statements and information contained herein, Alpha has made numerous
assumptions including among other things, assump tions about general business and economic
conditions and the price of gold and other minerals. The foregoing list of assumptions is not exhaustive.
Although management of Alpha believes that the assumptions made and the expectations represented
by such statements or information are reasonable, there can be no assurance that forward -looking
statements or information herein will prove to be accurate. Fo rward-looking statements and
information by their nature are based on assumptions and involve known and unknown risks,
uncertainties and other factors which may cause actual results, performance or achievements, or
industry results, to be materially differ ent from any future results, performance or achievements
expressed or implied by such forward-looking statements or information. These factors include, but are
not limited to: risks relating to Alpha’s financing efforts; risks associated with the business of Alpha
given its limited operating history; business and economic conditions in the mining industry generally;
the supply and demand for labour and other project inputs; changes in commodity prices; changes in
interest and currency exchange rates; risks relating to inaccurate geological and engineering
assumptions (including with respect to the tonnage, grade and recoverability of reserves and
resources); risks relating to unanticipated operational difficulties (including failure of equipment or
processes to operate in accordance with specifications or expectations, cost escalation, unavailability
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of materials and equipment, government action or delays in the receipt of government approvals,
industrial disturbances or other job action, and unanticipated events related to health, safety and
environmental matters); risks relating to adverse weather co nditions; political risk and social unrest;
changes in general economic conditions or conditions in the financial markets; changes in laws
(including regulations respecting mining concessions); risks related to the direct and indirect impact of
COVID-19 including, but not limited to, its impact on general economic conditions, the ability to obtain
financing as required, and causing potential delays to exploration activities; those factors discussed
under the heading “Risk Factors” in the Final Prospectus; a nd other risk factors as detailed from time
to time. Alpha does not undertake to update any forward -looking information, except in accordance
with applicable securities laws.